If they close then they only have the fixed costs on a, Ask an Expert

Economics

When a business is losing money, then they need to decide if they should stay open or close. If they close, then they only have the fixed costs. On a graph, we would have to compare the price with the average variable cost. What decisions need to be taken into consideration to determine if the business should remain open or close down?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9684837

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